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HOUSTON-Before summer ends, there will be three new tenants settling into offices in an office tower that lost 15% of its tenant roll as a result of "dot-com bombs." Gallagher Healthcare takes the largest office, 51,720 sf.
NORTH BRUNSWICK, NJ-Holliday Fenoglio Fowler arranged the transaction for borrower/owner 1600 Route 1 Holdings LLC. The bulk distribution facility is currently 80% leased.
MIAMI-Union Capital Investments of Atlanta is providing owners Robert Rohdie and Alan Ginsberg with a 10-year loan at a 6.6% fixed rate amortized over 30 years for the 192-unit, class B property, 60 miles south of Downtown Miami.
DENVER-Thrivent Financial for Lutherans' three-building, 450,000-sf portfolio is the collateral for a permanent, fixed-rate mortgage provided by Allstate Life Insurance in a deal arranged by L.J. Melody & Co.
DALLAS-CF Jordan hires its first business development director, gleaning the exec from the Rogers-O'Brien ranks. CB Richard Ellis gets a new leasing team while Hall Financial Group lands a senior VP.
LONDON-UK Shopping centre investment activity soared to new highs during the first half of 2002, according to new research from CB Hillier Parker. Forty-five shopping malls worth Pounds 2 billion ($3 billion) changed hands in the six months.
PORTLAND-Reacting to concern from city officials and neighborhood groups, Portland Public School officials agree to reconsider the process for selling off several dozen acres of parks and sports fields to help make up budget shortfalls.
LONDON-The worst could be over for the West End office market, according to new research from King Sturge. Although the amount of available office space has doubled in the past 12 months, the rate of increase slowed to just 5% in the last quarter.